Coca-Cola Consolidated (NASDAQ:COKE) Stock Price Down 4.3% - Time to Sell?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares traded down 4.3% during mid-day trading on Wednesday . The company traded as low as $106.03 and last traded at $106.69. 621,005 shares were traded during mid-day trading, an increase of 20% from the average session volume of 516,882 shares. The stock had previously closed at $111.44.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 10th.

Coca-Cola Consolidated Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 1.56 and a beta of 0.81. The firm has a 50 day simple moving average of $145.32 and a 200-day simple moving average of $136.52.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.56 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, April 25th. Coca-Cola Consolidated's payout ratio is 15.60%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of institutional investors have recently modified their holdings of COKE. Newbridge Financial Services Group Inc. purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Coca-Cola Consolidated in the first quarter valued at $46,000. Allworth Financial LP boosted its holdings in Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock valued at $48,000 after purchasing an additional 26 shares during the period. Semmax Financial Advisors Inc. purchased a new position in Coca-Cola Consolidated in the first quarter valued at $50,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Coca-Cola Consolidated during the 4th quarter worth $52,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.